Business
T-bill rates end mixed
October 21, 2019, 9:20 pm
MANILA -- Rates of the Philippines’ Treasury bill (T-bill) posted mixed results Monday, with bids for the 91-day fully rejected. Average rate of the 182-day paper rose to 3.174 percent from 3.171 percent during the auction last October 7. Its rates in the secondary market after Monday’s… Read More
Signing of ‘Sagip Saka’ Act IRR to enhance agribusiness: Dar
October 21, 2019, 9:18 pm
MANILA -- Agriculture Secretary William Dar on Monday said the signing of the implementing rules and regulations (IRR) of Republic Act No. 113211, or the "Sagip Saka" Act, will further enhance agribusiness in the country. "I thank the authors of RA 113211 as this can concretize, and support the… Read More
Eating out, personal care help decelerate PH inflation rate
October 21, 2019, 8:47 pm
MANILA – Philippines’ inflation rate continues to decelerate since peaking to 6.7 percent in September and October 2018, with Filipinos’ love for food and dining out as well as personal care keeping the overall inflation afloat as of September 2019. Rate of price increases in the Philippines… Read More
BSP changes volume offer for term deposits this week
October 21, 2019, 8:20 pm
MANILA -- Term deposit facility offering for the auction on Wednesday remains at PHP90 billion but the Bangko Sentral ng Pilipinas (BSP) made some changes on the volume offering per tenor. In an advisory, the central bank said the seven-day facility will be offered this week for PHP20 billion,… Read More
Peso, stocks end higher
October 21, 2019, 7:35 pm
MANILA -- The Philippine peso ended Monday better against the US dollar, tracking the Chinese yuan, but the Philippine Stock Exchange index (PSEi) barely rose as investors took a wait-and-see stance. The local currency ended the day at 51.105 from 51.295 Friday. BPI Research said the local unit… Read More
Private sector urges implementation of safeguards on rice import
October 21, 2019, 7:29 pm
MANILA -- The private sector has urged the government to enforce safeguards on rice importation amid the continuing decrease in the price of unhusked rice (palay) since the Rice Tariffication Law was implemented. In a statement, the Philippine Chamber of Agriculture & Food Inc. (PCAFI) said it is… Read More
Agri chief renews call for lower tariffs on PH bananas in Japan
October 21, 2019, 6:58 pm
MANILA -- Agriculture Secretary William Dar has reiterated his request to Japan Vice Minister of Agriculture, Forestry and Fisheries (MAFF) Shinya Fujiki to lower the tariffs imposed on Philippine bananas. “I would like to request your support for the preferential tariff rate of zero percent for… Read More
Nippon Express to invest in India's logistics service provider
October 21, 2019, 5:55 pm
TOKYO, Oct. 21, 2019 (Kyodo JBN- AsiaNet) -- Nippon Express Co., Ltd. (TSE: 9062, the Company), acting through its subsidiary Nippon Express (South Asia & Oceania) Pte. Ltd., has agreed to make an investment in Future Supply Chain Solutions Limited (FSC) (Investment). The Board of the Company, at… Read More
NEDA pushes creation of data centers to hasten rollout of PhilSys
October 21, 2019, 4:27 pm
MANILA -- Socioeconomic Planning Secretary Ernesto Pernia has called for faster movement on the establishment of data centers to accommodate the increased number of registrants in the Philippine Identification System (PhilSys) starting next year. “The data centers should already be in place… Read More
Oil firms set to cut prices anew
October 21, 2019, 3:02 pm
MANILA -- Oil companies have announced another round of price reduction effective 6 a.m. on Tuesday. In advisories, Petron Corp., Seaoil, PetroGazz and PTT Philippines said the price of their respective gasoline products will decline by PHP0.25 per liter and by PHP0.10 per liter for diesel. Petron… Read More
Cebu-Cordova bridge project to employ 3K more workers
October 20, 2019, 4:55 pm
MANILA -- The consortium undertaking the toll bridge connecting mainland Cebu and Mactan Island aims to hire up to 3,000 more workers as the project hits its peak in the coming months. “Maraming mga (many) locals they want to be part of this big project. Those working overseas go home just to be… Read More
PH not giving up on FTA with SoKor
October 20, 2019, 3:44 pm
MANILA -- Trade Secretary Ramon Lopez said the Philippine government is looking to revive next year the negotiations on free trade agreement (FTA) with South Korea should the “mismatch” of offers under the deal between the two countries is not resolved by the end of the month. Lopez said while… Read More
Pantabangan hotel seen to boost C. Luzon's economic growth
October 18, 2019, 8:55 pm
PANTABANGAN, Nueva Ecija - Cabinet Secretary Karlo Alexei Nograles is upbeat that the new PHP40-million Pantabangan Lake (PL) Resort Hotel here will further spur tourism and economic growth in Central Luzon. Nograles, along with National Irrigation Administration (NIA) chief Ricardo Visaya, led… Read More
Gov't to give P5-K cash aid to rice farmers
October 18, 2019, 8:02 pm
MANILA -- In view of the declining palay prices since the rice tariffication law took effect in March, the government will be giving PHP5,000 cash assistance to affected farmers tilling one hectare and below. Agriculture Secretary William Dar, on the sidelines of the ongoing Philippines-India… Read More
AirAsia PH reinstates Clark-Kalibo; adds Clark-Caticlan flights
October 18, 2019, 6:39 pm
MANILA -- AirAsia Philippines on Friday announced the reinstatement of its Clark-Kalibo route and the increased in the frequency of its Clark-Caticlan flight. The carrier first launched the Clark-Kalibo flights in March 2017 and had to stop it due to the closure of Boracay in 2018. Both routes… Read More
Affordable Indian meds to boost UHC implementation
October 18, 2019, 6:21 pm
MANILA -- A Department of Health official on Friday underscored the importance of affordable medicines for the effective implementation of the Universal Health Care (UHC) Act, where Indian businesses can be tapped as a major supplier. As part of the Phil-India Trade Consultations held in Makati… Read More
52K pigs culled as more areas affected with ASF: DA
October 18, 2019, 6:03 pm
MANILA -- The Department of Agriculture (DA) on Friday said around 52,000 pigs were culled as more areas were declared to have been affected by the African Swine Fever (ASF). On the sidelines of the ongoing Philippines-India Trade Consultations held at the Makati Shangri-la Hotel, DA Secretary… Read More
Indian businesses to benefit from PH research applications: DOST
October 18, 2019, 5:58 pm
MANILA -- Department of Science and Technology (DOST) Secretary Fortunato dela Peña on Friday highlighted research achievements of the department which can help prospective Indian businesses looking to invest in the country. During the Phil-India Trade Consultations at the Makati Shangri-La… Read More
‘An Evening with Michelle Obama’ to be held in Singapore
October 18, 2019, 4:42 pm
SINGAPORE /Bernama-AsiaNet/ -- Drawing on her memoir Becoming, “An Evening with Michelle Obama” will leave attendees inspired after a night to remember on December 14, 2019. Leading business events provider, The Growth Faculty will present ‘An Evening with Michelle Obama’ for one night… Read More
Producers welcome move to prevent sugar import liberalization
October 17, 2019, 9:11 pm
MANILA -- Sugar producers, millers, and manufacturers have lauded the move of sugar processors to prevent sugar import liberalization. "We welcome the move of the food processors and exporters to stop their lobby for sugar import liberalization and we look forward to working with them and… Read More
